Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Nickbat]

I thought this article (albeit Australian) deserved to be aired:

"TENTATIVELY, very tentatively, it might be time to get back into the market. ."

http://www.news.com.au/heraldsun/story/0,21985,24585907-5000117,00.html

Remember, I'm no guru and I take no responsibility for this link. I just thought it was interesting. The value of shares can go up or down.

[albitz]

They do say that fortune favours the brave.
.....or as delboy used to say,"he who dares wins Rodney"

[STMO123]

The markets today, as always. are mainly influenced by human emotions. I've heard several times in the last few months that the market has bottomed only to see it drop even further. With oil still so volatile and commodities in general up and down on a daily basis I wouldn't feel safe just yet.
If we are in for a prolonged slowdown, as is the general opinion amongst financial scholars, then the markets may stabilise for a while as things settle down, but grow?.............. :-/

[Markjay]

...The value of shares can go up or down.

...and your house, if you still have one, may be repossessed....

[Markie]

Its a good article, SWMBO and i have discussed for about 6 months now about purchasing a second house, at the point when the market is on its knees and just starting to bottom out..

Were not at that day yet, i think it will be December/January...

[Markjay]

Start buying now, me thinks... the process takes time, and if you start it right at the bottom, gasumping (or whatever they called) will be back,  i.e. if the market starts sloping upwards when you are near completion someone else will offer the seller more and will also incur his contractual costs to you. You may still bag some money from the cancellations, but you will find it difficult to actually buy a cheap house as long term investment. To secure the deal, you want completion just before the market bottoms. So start now...

[Markie]

Start buying now, me thinks... the process takes time, and if you start it right at the bottom, gasumping (or whatever they called) will be back,  i.e. if the market starts sloping upwards when you are near completion someone else will offer the seller more and will also incur his contractual costs to you. You may still bag some money from the cancellations, but you will find it difficult to actually buy a cheap house as long term investment. To secure the deal, you want completion just before the market bottoms. So start now...

You cant gazump or be Gazumped in Scotland  

Were looking at minimum mortgage and some savings and leaving our own home completley out the equation ( and its equity) Got our eyes on a renovation that errrr isnt for sale yet  

[albitz]

Think it may be quite a while yet before the housing market hits the bottom. :-/

[Lizzie_Zoom]

The way the markets are across the World I would only invest money that you can afford to gamble with and possibly loose.

The phrase "Act in haste, repent at leisure!"  comes to mind!

[Nickbat]

All the comments are well made. STMO's point about the markets being run by emotions is especially notable. The funny thing about all this is the fact that the media seem hell-bent on promoting a recession and yet, maybe it's just me, I don't see too much evidence on the frontline in the high street. Given the media's take, you'd be forgiven expecting the streets to be deserted, save a few beggars on street corners. Maybe it is that bad, just doesn't look it to the naked eye!

The points made about identifying the bottom of the market hits at the crux of the matter. On housing, for example, given the natural excess of demand over supply (and the fact that many big building projects have been put on ice), the underlying direction of prices will be up over the longer term. But will they fall further? Maybe, given that winter is a slack time for sales anyway. And, of course, the EU has scrapped its mark-to-market regulations which (some say) was one of the causes of the crunch in the first place, so banks should be healthier as a result.  

The slump in the price of price of oil has been another factor which needs to be considered.

Overall, I posted the article because I thought it was interesting to read a hint that the bottom was near. If anyone actually spots it, please let us know!  

[STMO123]

I noted on Friday that, whatever news was thrown at wall street, the markets only fluctuated slightly. The news that GDP was down by 0.3% in the third quarter would have sent eqities into a tailspin last month, but it had hardly any effect on Friday. Investors are punch-drunk and I cant see much movement until after the election/christmas holiday. I know I am talking wall street and not London here but, despite what people are saying (notably the germans) America is still the financial powerhouse of the world.

[Lizzie_Zoom]

For once I think Gordon Brown is actually taking some positive action by visiting Saudia Arabia and enlisting their support in stabilising oil prices, along with providing large financial support to the IMF.

http://www.bbc.co.uk/topics/gordon_brown

If this works perhaps I will not knock him and his Government so hard!!

This is the type of action we need to bring stability and confidence to the markets of the World.

GB is also apparently "encouraging" oil companies to bring their petrol prices down to be in line with the current cost of $65 a barrel following its decrease from a maximum of $150.

[Jay w]

All the comments are well made. STMO's point about the markets being run by emotions is especially notable. The funny thing about all this is the fact that the media seem hell-bent on promoting a recession and yet, maybe it's just me, I don't see too much evidence on the frontline in the high street. Given the media's take, you'd be forgiven expecting the streets to be deserted, save a few beggars on street corners. Maybe it is that bad, just doesn't look it to the naked eye!

The points made about identifying the bottom of the market hits at the crux of the matter. On housing, for example, given the natural excess of demand over supply (and the fact that many big building projects have been put on ice), the underlying direction of prices will be up over the longer term. But will they fall further? Maybe, given that winter is a slack time for sales anyway. And, of course, the EU has scrapped its mark-to-market regulations which (some say) was one of the causes of the crunch in the first place, so banks should be healthier as a result.  

The slump in the price of price of oil has been another factor which needs to be considered.

Overall, I posted the article because I thought it was interesting to read a hint that the bottom was near. If anyone actually spots it, please let us know!  

I have noticed it within my industry.......fewer and fewer companies are looking at training resourses so i am seeing fewer and fewer contract coming up for tender.

I know of at least 6 people now who have been laid off, our local ford and BMW dealer are working 3 day in the workshops, sales have slowed to a crawl.
I know that cars are classified as 'luxuaries' and so in lean times people tend to hold onto them for a little longer, in the hope that the economy will pick up and consumer confidence will grow again.

i can be a little careless with money at times, buying things that either i nor the business really need, toys, but even now i have reeled that in and now it is 'essential purchases only'

I will be hanging on until the middle of next year before i review this decision as well